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London house price gap at record high, says Nationwide

London house price gap at record high, says Nationwide The house price gap between London and the rest of the UK has risen to a another record high, according to the Nationwide Building Society. The average home-owner in the capital could now swap their property for three and a half similar homes in the north […]

London’s most luxurious rental homes: Mayfair sets new record as ultra-prime rents top £216k a month

London’s most luxurious rental homes: Mayfair sets new record as ultra-prime rents top £216k a month In London, £50,000 doesn’t even stretch towards the average deposit required for a tiny starter home. But for some, it’s just another week’s rent. A house in one of central London’s most exclusive neighbourhoods has set a new rental […]

London: Tate Modern Announces Opening of $400 Million Expansion

London: Tate Modern Announces Opening of $400 Million Expansion The Tate had a record-breaking year with over 5.7 million visitors to the Tate Modern alone. At a recent news conference the museum proclaimed 2014-15 as their ‘best year ever,’ and took the opportunity to unveil the much anticipated opening date of the mega expansion to […]

Through the roof

Through the roof AS HOUSE prices rise globally, in Britain they are soaring. In the past 20 years they have increased by more than in any other country in the G7 (see chart 1); by some measures British property is now the most expensive in the world, save in Monaco. It is particularly dear in […]

London house price gap ‘widest for 20 years’

London house price gap ‘widest for 20 years’ The gap between house prices in London and those in other major cities is at its widest for 20 years, according to property analysts Hometrack. At £437,700 on average, property prices in London already cost a record of more than 12 times average earnings, having increased by […]

London office demand drives commercial construction revival

London office demand drives commercial construction revival The value of commercial & retail construction contracts awarded in August reached £1.5bn, its highest level for more than four years, according to one analysis. The latest Economic & Construction Market Review from Barbour ABI reports that it was a busy August for the commercial & retail sector, […]

Chinese cash will fuel UK property schemes worth $1.8bn

Chinese cash will fuel UK property schemes worth $1.8bn Three big property developments in the north of England – together worth nearly $1.8bn (£1.2bn) – will be unlocked by a cash infusion from China, it was announced today as UK chancellor George Osborne toured China’s far-western Xinjiang autonomous region. China’s Hualing Industry and Trade Group […]

Average UK flat value rises 60% in past decade

Average UK flat value rises 60% in past decade Flats have been the property success story of the past decade in terms of price growth, with average values leaping by 60% since 2005, compared with a typical 38% rise for all homes, according to new data from the Halifax. It found that a typical flat […]